St Luke Homes & Services Inc

Analysis

St Luke Homes & Services Inc is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in November 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Luke Homes & Services Inc reported income of $9.4m and spending of $10.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.5m to $9.4m (-1.1%), an average of -0.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Luke Homes & Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include The Naval Institute Foundation Incorporated ($9.4m), Labor and Industry for Education Inc ($9.4m) and Jefferson City Area YMCA ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $7.4m against liabilities of $7.2m, net assets of $166k. It reported 189 employees.